Financial.(Briefs)

RCR Wireless News, March, 2004

Standard and Poor's ratings services lifted Lucent Technologies Inc.'s corporate rating to B from B- in its review of the telecom equipment industry. "Standard & Poor's believes industry revenues have stabilized in recent quarters, after declining steeply from their peak in 1999, while Lucent's cost reduction actions have enabled a return to moderate profitability in the past few quarters,'' said S&P's credit analyst Bruce Hyman.

Crown Castle International Corp. announced it extended its offer to exchange newly issued 7.5 percent senior notes due 2013 for $300 million outstanding principal amount of its 7.5 percent existing senior notes due 2013, and newly issued 7.5 percent series B senior notes due 2013 for $300 million outstanding principal amount of...

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